Why is HEC Infra Proj. falling/rising?

As of 25-Jun, HEC Infra Projects Ltd is experiencing a price increase, currently at Rs. 183.06, reflecting a rise of Rs. 7.72 or 4.4%. The stock has recently hit a new 52-week high of Rs. 184.1 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has surged by 16.25%, and it has shown impressive returns of 55.20% year-to-date and 62.04% over the past year. The company has reported outstanding financial results, with a net profit growth of 2080.77% and consistent positive results for the last seven quarters, which has likely bolstered investor confidence. Additionally, the promoters have increased their stake in the company, indicating strong confidence in its future.
In the broader market context, HEC Infra Projects Ltd has significantly outperformed the benchmark Sensex, which has only increased by 1.74% over the past week. The stock's strong performance is further supported by a healthy long-term growth trajectory, with net sales growing at an annual rate of 30.18%. However, there are risks associated with the company, including poor management efficiency reflected in a low Return on Capital Employed (ROCE) of 5.85% and a high Debt to EBITDA ratio of 7.87 times, which may affect its ability to service debt. Despite these concerns, the stock's recent upward movement appears to be driven by strong financial results and increased promoter confidence, overshadowing the potential risks.